XRP Price Could Replicate 60,000% Price Gain, Analysts Say

Crypto analyst Matt “The Great Mattsby” Hughes has highlighted an indicator that suggests the XRP price could record similar gains to those it made in 2017.

Crypto analyst Matt Hughes has highlighted an indicator that suggests the XRP price could record gains similar to those it made in 2017. His analysis comes amid recent optimism in the market that the XRP price could begin to make massive moves to the upside, having consolidated for quite a while.

According to Hughes, XRP has one of the tightest monthly Bollinger Band squeezes in its history and all of the crypto market right now. The last time XRP’s Bollinger Band squeezed this much, it went on to record a 60,000% price increase. Commenting on how high XRP could go, Hughes mentioned that XRP hitting $250 is possible.

XRP mirroring its 2017 price gain, which saw the crypto token rise by over 60,000%, will propel XRP to such great heights. Notably, crypto analyst Crypto Bitlord also recently predicted that XRP could make such massive gains, stating that the crypto token rising to as high as $589 is possible.

Meanwhile, Hughes joins several crypto analysts, like Mikybull Crypto, who have suggested that XRP could replicate its 2017 performance. Mikybull Crypto stated that XRP’s current price action suggests that it might mirror its 2017 rally. He, however, gave a conservative price target as he predicted that XRP could rise to $4 if this were to happen.

Crypto analysts Dark Defender and Javon Marks made more bullish price predictions, suggesting that XRP recaputing its 2017 price gains was on the cards. Marks predicted that the crypto token could rise to as high as $18 when this happens. Meanwhile, like Hughes’ prediction, Marks predicted that XRP could witness a 39,000% rally and rise to $200.

In a recent X post, Mikybull Crypto mentioned that something big is brewing for the XRP price. He claimed that the XRP rally is just starting and that the crypto token will likely pull the 2017 cycle kind of rally. The recent market rebound has many crypto analysts feeling optimistic that it is time for XRP to make that move, given how it has underperformed since the year began.

Crypto analyst Armando Pantejo mentioned that XRP is “absolutely” going to $20. He added that the recent explosive breakout above the upper Bolliger Band confirms such a parabolic move. He stated that XRP rising to $20 is not a question of if it will happen but when it will happen and advised market participants to get ready for liftoff.

Crypto analyst Crypto Michael also provided a bullish narrative for the XRP price, stating that the crypto token will have one of the “biggest pumps of the year” once it breaks above $0.56.

At the time of writing, XRP is trading at around $0.55, up over 4% in the last 24 hours, according to data from CoinMaketCap.

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